"We are excited to be chosen by the Small Business Administration as a Preferred Lender with the SBA," says James P. Alender, President & Chief Executive Officer of Salin Bank. "This illustrates the SBA's continued trust in our ability to support Indiana businesses with their financial needs in a timely and efficient underwriting process."
In granting Salin Bank PLP status, the SBA has considered and determined Salin Bank has the required ability to process and service all loans and has the talent to develop and analyze loan packages that will meet the SBA's performance requirements.
Salin Bank was considered for PLP status because of the bank's on-going commitment to the SBA program, its continued focus on small business and its assurance to meet performance standards for SBA guaranteed loans.
"This designation allows Salin Bank to streamline approvals and achieve loan closings faster, said Matt Fields, Vice President, Business Development Officer for Salin Bank. "This program designation will help us more quickly meet the needs of small Indiana businesses and help serve the financial needs of our customers."